83_FR_40927 83 FR 40768 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0072)

83 FR 40768 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0072)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 83, Issue 159 (August 16, 2018)

Page Range40768-40770
FR Document2018-17647

The FDIC, as part of its ongoing obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection described below (OMB No. 3064- 0072).

Federal Register, Volume 83 Issue 159 (Thursday, August 16, 2018)
[Federal Register Volume 83, Number 159 (Thursday, August 16, 2018)]
[Notices]
[Pages 40768-40770]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-17647]


=======================================================================
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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0072)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The FDIC, as part of its ongoing obligations under the 
Paperwork Reduction Act of 1995, invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collection described below (OMB No. 3064-
0072).

DATES: Comments must be submitted on or before October 15, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.FDIC.gov/regulations/laws/federal.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Jennifer Jones (202-898-6768), Counsel, MB-3105, 
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, 
DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Jennifer Jones, Counsel, 202-898-6768, 
[email protected], MB-3105, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Acquisition Services Information Requirements.
    OMB Number: 3064-0072.
    Form Number: 3700/55 (Solicitation/Award); 1600/04 (Background 
Investigation Questionnaire for Contractor Personnel and 
Subcontractors); 1600/07 (Background Investigation Questionnaire for 
Contractors); 3700/12 (Integrity and Fitness Representations and 
Certifications); 3700/44 (Leasing Representations and Certifications); 
3700/57 (Past Performance Questionnaire); 3700/04A (Contractor 
Representations and Certifications); and 3700/59 (Fair Inclusion of 
Minorities and Women).
    Affected Public: Vendors of goods and services.
    Burden Estimate:

[[Page 40769]]



                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                 Total
                                                                                 Estimated    Estimated   Estimated                              annual
                                       Type of  burden        Obligation to      number of    frequency    time per   Frequency of  response   estimated
                                                                 respond        respondents       of       response                              burden
                                                                                              responses                                         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Request for Proposal and Price      Reporting...........  Required to Obtain            656            1       6.55  On Occasion.............      4,297
 Quotation (includes Basic                                 or Retain Benefits.
 Safeguards)--Solicitation/Award
 (Form 3700/55).
Request for Information...........  Reporting...........  Voluntary...........           44            1      37.63  On Occasion.............      1,656
Background Investigation            Reporting...........  Required to Obtain          2,400            1       0.33  On Occasion.............        792
 Questionnaire for Contractor                              or Retain Benefits.
 Personnel and Subcontractors
 (Form 1600/04).
Background Investigation            Reporting...........  Required to Obtain            200            1        0.5  On Occasion.............        100
 Questionnaire for Contractors                             or Retain Benefits.
 (Form 1600/07).
Integrity and Fitness               Reporting...........  Required to Obtain             12            1       0.33  On Occasion.............          4
 Representations and                                       or Retain Benefits.
 Certifications (Form 3700/12).
Leasing Representations and         Reporting...........  Required to Obtain             15            1          1  On Occasion.............         15
 Certifications (Form 3700/44).                            or Retain Benefits.
Past Performance Questionnaire      Reporting...........  Required to Obtain            984            1       0.75  On Occasion.............        738
 (Form 3700/57).                                           or Retain Benefits.
Contractor Representations and      Reporting...........  Required to Obtain             12            1       0.33  On Occasion.............          4
 Certifications (Form 3700/04A).                           or Retain Benefits.
Fair Inclusion of Minorities and    Reporting...........  Required to Obtain            100            1          2  On Occasion.............        200
 Women (Form 3700/59).                                     or Retain Benefits.
                                                                               -------------------------------------------------------------------------
    Total Hourly Burden...........  ....................  ....................  ...........  ...........  .........  ........................      7,806
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: This is a collection of 
information involving submission of information and various forms by 
contractors who desire to do business with the FDIC in connection with 
contract proposals submitted in response to FDIC solicitations.
    In order to obtain competitive proposals and contracts from vendors 
interested in providing goods or services to the FDIC, the FDIC uses 
the Solicitation/Award request (Form 3700/55). This form is used in 
connection with a request for proposal and a request for price 
quotations.
    In anticipation of a particular contract solicitation, the FDIC may 
first conduct market research to narrow down the list of potential 
contractors. This is done through a request for information (RFI). 
Following the RFI process, potential firms may be notified if they are 
to be included in the next phase of the acquisition process.
    The FDIC Background Investigation Questionnaire for Contractor 
Personnel and Subcontractors (Form 1600/04), Background Investigation 
Questionnaire for Contractors (Form1600/07), Integrity and Fitness 
Representations and Certifications (Form 3700/12), and Leasing 
Representations and Certifications (Form 3700/44) are a result of the 
implementation of 12 CFR part 366. The FDIC adopted 12 CFR part 366 
pursuant to Section 12(f)(3) and (4) of the Federal Deposit Insurance 
Act, 12 U.S.C. 1822(f)(3) and (4), and the rulemaking authority of the 
FDIC found at 12 U.S.C. 1819. Pursuant to those sections and consistent 
with the goals and purposes of titles 18 and 41 of the U.S. Code, the 
rule establishes the minimum standards of integrity and fitness that 
contractors, subcontractors, and employees of contractors and 
subcontractors must meet if they perform any service or function on 
behalf of the FDIC. This rule includes regulations governing conflicts 
of interest, ethical responsibility, and use of confidential 
information in accordance with 1822(f)(3); and the prohibitions and the 
submission of information in accordance with 1822(f)(4). This rule 
applies to a person who submits an offer to perform or performs, 
directly or indirectly, a contractual service or function on behalf of 
the FDIC.
    In addition, the evaluation of an offeror's past performance under 
formal contracting procedures is a mandatory technical evaluation 
criterion in the FDIC's standard solicitation document. In support of 
the evaluation of the past performance criterion, the FDIC Past 
Performance Questionnaire (Form 3700/57) was developed to be submitted 
by other government agencies or commercial businesses who are doing 
business, or have done business, with the contractor that the FDIC is 
evaluating.
    The FDIC Contractor Representations and Certifications form (Form 
3700/4A) must be completed by any offeror that responds to a 
solicitation for an award over $100,000.
    Finally, in connection with a contract proposal, the FDIC seeks a 
commitment from an FDIC contractor to ensure, to the maximum extent 
possible consistent with applicable law, the fair inclusion of 
minorities and women in its workforce and the workforces of its 
applicable subcontractors. The commitment is asserted by the FDIC Fair 
Inclusion of Minorities and Women form (Form 3700/59), which is a 
contract clause implementing Section 342(c)(2) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 U.S.C. 5452). The clause 
asserts the FDIC's right to request documentation from the contractor 
that demonstrates the contractor's good faith effort to include 
minorities and women in its workforce and subcontractors' workforces.

[[Page 40770]]

    The annual burden for this information collection is estimated to 
be 7,806 hours. This represents an increase of 5,472 hours from the 
current burden estimate of 2,334 hours. This increase is not due to any 
new requirements imposed by the FDIC. Rather, it is due to FDIC's 
reassessment of the burden hours associated with the contracting 
process and to better account for the burdens associated with requests 
for proposals and price quotations as well as RFIs.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, on August 13, 2018.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-17647 Filed 8-15-18; 8:45 am]
 BILLING CODE 6714-01-P



                                                40768                                 Federal Register / Vol. 83, No. 159 / Thursday, August 16, 2018 / Notices

                                                                                                                                  ATTACHMENT 1—Continued
                                                                        Call sign                                              Community of license                              FAC ID                      File No.

                                                K38KH–D .................................................        Woodward, Etc., OK ................................                 167258       BTCCDT–20170626AER
                                                K41KS–D .................................................        Seiling, OK ..............................................          167256       BTCCDT–20170626AEQ
                                                K43KU–D .................................................        Seiling, OK ..............................................          167254       BTCCDT–20170626AEP
                                                K47LB–D .................................................        Seiling, OK ..............................................          167253       BTCCDT–20170626AEO
                                                K49DO–D ................................................         Seiling, OK ..............................................           59848       BTCCDT–20170626AEN
                                                KFOR–TV ................................................         OKC, OK .................................................            66222       BTCCDT–20170626AEL
                                                KCPQ .......................................................     Tacoma, WA ............................................              33894       BTCCDT–20170626AGQ
                                                KZJO ........................................................    Seattle, WA .............................................            69571       BTCCDT–20170626AGR
                                                K07ZC–D .................................................        Ellensburg, etc., WA ................................                33896       BTCCDT–20170626AGS
                                                K25CG–D ................................................         Aberdeen, WA .........................................               33898       BTCCDT–20170626AGT
                                                K25CH–D .................................................        North Bend, WA ......................................                69575       BTCCDT–20170626AGU
                                                K28KJ–D ..................................................       Chelan, WA .............................................             33899       BTCCDT–20170626AGV
                                                K29ED–D .................................................        Everett, WA .............................................            69574       BTCCDT–20170626AGW
                                                K42CM–D ................................................         Centralia, etc., WA ..................................               33895       BTCCDT–20170626AGX
                                                WGNO .....................................................       New Orleans, LA .....................................                72119       BTCCDT–20170626AEF
                                                WNOL–TV ...............................................          New Orleans, LA .....................................                54280       BTCCDT–20170626AEE
                                                WDAF–TV ................................................         Kansas City, MO .....................................                11291       BTCCDT–20170626AFQ
                                                WDCW .....................................................       Washington, DC ......................................                30576       BTCCDT–20170626AGJ
                                                WGHP ......................................................      High Point, NC ........................................              72106       BTCCDT–20170626AEG
                                                WGN(AM) ................................................         Chicago, IL ..............................................           72114       BTCCDT–20170626AGD
                                                WGN–TV .................................................         Chicago, IL ..............................................           72115       BTCCDT–20170626AGE
                                                WHNT–TV ...............................................          Huntsville, AL ..........................................            48693       BTCCDT–20170626AEA
                                                WHO–DT .................................................         Des Moines, IA ........................................              66221       BTCCDT–20170626AEB
                                                WITI .........................................................   Milwaukee, WI .........................................              73107       BTCCDT–20170626AFG
                                                WJW ........................................................     Cleveland, OH .........................................              73150       BTCCDT–20170626AGK
                                                WPHL–TV ................................................         Philadelphia, PA ......................................              73879       BTCCDT–20170626AGG
                                                WPIX ........................................................    New York, NY ..........................................              73881       BTCCDT–20170626AFX
                                                WPMT ......................................................      York, PA ..................................................          10213       BTCCDT–20170626AEK
                                                WQAD–TV ...............................................          Moline, IL .................................................         73319       BTCCDT–20170626ADX
                                                WREG–TV ...............................................          Memphis, TN ...........................................              66174       BTCCDT–20170626AED
                                                WSFL–TV ................................................         Miami, FL .................................................          10203       BTCCDT–20170626AGY
                                                WTVR–TV ................................................         Richmond, VA .........................................               57832       BTCCDT–20170626AEC
                                                WXMI .......................................................     Grand Rapids, MI ....................................                68433       BTCCDT–20170626AEH
                                                W17DF–D ................................................         Muskegon, MI ..........................................              64442       BTCCDT–20170626AEJ
                                                W42CB–D ................................................         Hesperia, MI ............................................            64440       BTCCDT–20170626AEI



                                                [FR Doc. 2018–17095 Filed 8–15–18; 8:45 am]                              the FDIC by any of the following                                 Deposit Insurance Corporation, 550 17th
                                                BILLING CODE 6712–01–P                                                   methods:                                                         Street NW, Washington, DC 20429.
                                                                                                                            • Agency Website: https://                                    SUPPLEMENTARY INFORMATION:
                                                                                                                         www.FDIC.gov/regulations/laws/federal.                             Proposal to renew the following
                                                FEDERAL DEPOSIT INSURANCE                                                   • Email: comments@fdic.gov. Include                           currently approved collections of
                                                CORPORATION                                                              the name and number of the collection                            information:
                                                                                                                         in the subject line of the message.                                1. Title: Acquisition Services
                                                Agency Information Collection                                               • Mail: Jennifer Jones (202–898–                              Information Requirements.
                                                Activities: Proposed Collection                                          6768), Counsel, MB–3105, Federal                                   OMB Number: 3064–0072.
                                                Renewal; Comment Request (OMB No.                                        Deposit Insurance Corporation, 550 17th                            Form Number: 3700/55 (Solicitation/
                                                3064–0072)                                                               Street NW, Washington, DC 20429.                                 Award); 1600/04 (Background
                                                AGENCY: Federal Deposit Insurance                                           • Hand Delivery: Comments may be                              Investigation Questionnaire for
                                                Corporation (FDIC).                                                      hand-delivered to the guard station at                           Contractor Personnel and
                                                ACTION: Notice and request for comment.
                                                                                                                         the rear of the 17th Street Building                             Subcontractors); 1600/07 (Background
                                                                                                                         (located on F Street), on business days                          Investigation Questionnaire for
                                                SUMMARY:   The FDIC, as part of its                                      between 7:00 a.m. and 5:00 p.m.                                  Contractors); 3700/12 (Integrity and
                                                ongoing obligations under the                                               All comments should refer to the                              Fitness Representations and
                                                Paperwork Reduction Act of 1995,                                         relevant OMB control number. A copy                              Certifications); 3700/44 (Leasing
                                                invites the general public and other                                     of the comments may also be submitted                            Representations and Certifications);
                                                Federal agencies to take this                                            to the OMB desk officer for the FDIC:                            3700/57 (Past Performance
                                                opportunity to comment on the renewal                                    Office of Information and Regulatory                             Questionnaire); 3700/04A (Contractor
                                                of the existing information collection                                   Affairs, Office of Management and                                Representations and Certifications); and
                                                described below (OMB No. 3064–0072).                                     Budget, New Executive Office Building,                           3700/59 (Fair Inclusion of Minorities
sradovich on DSK3GMQ082PROD with NOTICES




                                                DATES: Comments must be submitted on                                     Washington, DC 20503.                                            and Women).
                                                or before October 15, 2018.                                              FOR FURTHER INFORMATION CONTACT:                                   Affected Public: Vendors of goods and
                                                ADDRESSES: Interested parties are                                        Jennifer Jones, Counsel, 202–898–6768,                           services.
                                                invited to submit written comments to                                    jennjones@fdic.gov, MB–3105, Federal                               Burden Estimate:




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                                                                              Federal Register / Vol. 83, No. 159 / Thursday, August 16, 2018 / Notices                                                                                             40769

                                                                                                                      SUMMARY OF ANNUAL BURDEN
                                                                                                                                                                                                                                                     Total
                                                                                                                                                       Estimated               Estimated            Estimated                                       annual
                                                                                                  Type of                Obligation to                                                                                  Frequency of
                                                                                                                                                       number of             frequency of            time per                                      estimated
                                                                                                  burden                  respond                                                                                         response
                                                                                                                                                      respondents              responses            response                                        burden
                                                                                                                                                                                                                                                    (hours)

                                                Request for Proposal and Price                 Reporting ...          Required to Ob-                               656                        1            6.55       On Occasion ...                4,297
                                                   Quotation (includes Basic Safe-                                      tain or Retain
                                                   guards)—Solicitation/Award (Form                                     Benefits.
                                                   3700/55).
                                                Request for Information ....................   Reporting ...          Voluntary .............                      44                          1           37.63       On Occasion ...                1,656
                                                Background Investigation Question-             Reporting ...          Required to Ob-                           2,400                          1            0.33       On Occasion ...                  792
                                                   naire for Contractor Personnel and                                   tain or Retain
                                                   Subcontractors (Form 1600/04).                                       Benefits.
                                                Background Investigation Question-             Reporting ...          Required to Ob-                               200                        1               0.5     On Occasion ...                  100
                                                   naire for Contractors (Form 1600/                                    tain or Retain
                                                   07).                                                                 Benefits.
                                                Integrity and Fitness Representa-              Reporting ...          Required to Ob-                                12                        1            0.33       On Occasion ...                     4
                                                   tions and Certifications (Form                                       tain or Retain
                                                   3700/12).                                                            Benefits.
                                                Leasing Representations and Certifi-           Reporting ...          Required to Ob-                                15                       1                   1    On Occasion ...                   15
                                                   cations (Form 3700/44).                                              tain or Retain
                                                                                                                        Benefits.
                                                Past Performance           Questionnaire       Reporting ...          Required to Ob-                              984                         1             0.75      On Occasion ...                  738
                                                  (Form 3700/57).                                                       tain or Retain
                                                                                                                        Benefits.
                                                Contractor Representations and Cer-            Reporting ...          Required to Ob-                                 12                      1              0.33      On Occasion ...                     4
                                                  tifications (Form 3700/04A).                                          tain or Retain
                                                                                                                        Benefits.
                                                Fair Inclusion of Minorities           and     Reporting ...          Required to Ob-                               100                       1                   2    On Occasion ...                  200
                                                  Women (Form 3700/59).                                                 tain or Retain
                                                                                                                        Benefits.

                                                     Total Hourly Burden ..................    ....................   .............................   ....................   ....................   ................   .........................      7,806



                                                   General Description of Collection:                         result of the implementation of 12 CFR                                      Performance Questionnaire (Form 3700/
                                                This is a collection of information                           part 366. The FDIC adopted 12 CFR part                                      57) was developed to be submitted by
                                                involving submission of information                           366 pursuant to Section 12(f)(3) and (4)                                    other government agencies or
                                                and various forms by contractors who                          of the Federal Deposit Insurance Act, 12                                    commercial businesses who are doing
                                                desire to do business with the FDIC in                        U.S.C. 1822(f)(3) and (4), and the                                          business, or have done business, with
                                                connection with contract proposals                            rulemaking authority of the FDIC found                                      the contractor that the FDIC is
                                                submitted in response to FDIC                                 at 12 U.S.C. 1819. Pursuant to those                                        evaluating.
                                                solicitations.                                                sections and consistent with the goals                                         The FDIC Contractor Representations
                                                   In order to obtain competitive                             and purposes of titles 18 and 41 of the
                                                                                                                                                                                          and Certifications form (Form 3700/4A)
                                                proposals and contracts from vendors                          U.S. Code, the rule establishes the
                                                                                                                                                                                          must be completed by any offeror that
                                                interested in providing goods or services                     minimum standards of integrity and
                                                                                                                                                                                          responds to a solicitation for an award
                                                to the FDIC, the FDIC uses the                                fitness that contractors, subcontractors,
                                                                                                                                                                                          over $100,000.
                                                Solicitation/Award request (Form 3700/                        and employees of contractors and
                                                55). This form is used in connection                          subcontractors must meet if they                                               Finally, in connection with a contract
                                                with a request for proposal and a                             perform any service or function on                                          proposal, the FDIC seeks a commitment
                                                request for price quotations.                                 behalf of the FDIC. This rule includes                                      from an FDIC contractor to ensure, to
                                                   In anticipation of a particular contract                   regulations governing conflicts of                                          the maximum extent possible consistent
                                                solicitation, the FDIC may first conduct                      interest, ethical responsibility, and use                                   with applicable law, the fair inclusion
                                                market research to narrow down the list                       of confidential information in                                              of minorities and women in its
                                                of potential contractors. This is done                        accordance with 1822(f)(3); and the                                         workforce and the workforces of its
                                                through a request for information (RFI).                      prohibitions and the submission of                                          applicable subcontractors. The
                                                Following the RFI process, potential                          information in accordance with                                              commitment is asserted by the FDIC
                                                firms may be notified if they are to be                       1822(f)(4). This rule applies to a person                                   Fair Inclusion of Minorities and Women
                                                included in the next phase of the                             who submits an offer to perform or                                          form (Form 3700/59), which is a
                                                acquisition process.                                          performs, directly or indirectly, a                                         contract clause implementing Section
                                                   The FDIC Background Investigation                          contractual service or function on behalf                                   342(c)(2) of the Dodd-Frank Wall Street
                                                Questionnaire for Contractor Personnel                                                                                                    Reform and Consumer Protection Act
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                              of the FDIC.
                                                and Subcontractors (Form 1600/04),                               In addition, the evaluation of an                                        (12 U.S.C. 5452). The clause asserts the
                                                Background Investigation Questionnaire                        offeror’s past performance under formal                                     FDIC’s right to request documentation
                                                for Contractors (Form1600/07), Integrity                      contracting procedures is a mandatory                                       from the contractor that demonstrates
                                                and Fitness Representations and                               technical evaluation criterion in the                                       the contractor’s good faith effort to
                                                Certifications (Form 3700/12), and                            FDIC’s standard solicitation document.                                      include minorities and women in its
                                                Leasing Representations and                                   In support of the evaluation of the past                                    workforce and subcontractors’
                                                Certifications (Form 3700/44) are a                           performance criterion, the FDIC Past                                        workforces.


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                                                40770                       Federal Register / Vol. 83, No. 159 / Thursday, August 16, 2018 / Notices

                                                  The annual burden for this                            the Federal Reserve System,                              General description of report: The FR
                                                information collection is estimated to be               Washington, DC 20551.                                 2420 is a transaction-based report that
                                                7,806 hours. This represents an increase                   OMB Desk Officer—Shagufta                          collects daily liability data on federal
                                                of 5,472 hours from the current burden                  Ahmed—Office of Information and                       funds purchased, selected borrowings
                                                estimate of 2,334 hours. This increase is               Regulatory Affairs, Office of                         from non-exempt entities, Eurodollar
                                                not due to any new requirements                         Management and Budget, New                            transactions, and time deposits and
                                                imposed by the FDIC. Rather, it is due                  Executive Office Building, Room 10235,                certificates of deposits (CDs) from (1)
                                                to FDIC’s reassessment of the burden                    725 17th Street NW, Washington, DC                    domestically chartered commercial
                                                hours associated with the contracting                   20503 or by fax to (202) 395–6974.                    banks and savings associations that have
                                                process and to better account for the                   SUPPLEMENTARY INFORMATION: On June                    $18 billion or more in total assets as
                                                burdens associated with requests for                    15, 1984, the Office of Management and                well as those that have total assets above
                                                proposals and price quotations as well                  Budget (OMB) delegated to the Board                   $5 billion but less than $18 billion and
                                                as RFIs.                                                authority under the Paperwork                         meet the activity threshold, (2) U.S.
                                                                                                        Reduction Act (PRA) to approve of and                 branches and agencies of foreign banks
                                                Request for Comment                                                                                           with total third-party assets of $2.5
                                                                                                        assign OMB control numbers to
                                                  Comments are invited on: (a) Whether                  collection of information requests and                billion or more, and (3) significant
                                                the collection of information is                        requirements conducted or sponsored                   banking organizations that are active
                                                necessary for the proper performance of                 by the Board. Board-approved                          participants in money markets.1 The FR
                                                the FDIC’s functions, including whether                 collections of information are                        2420 also collects daily data on
                                                the information has practical utility; (b)              incorporated into the official OMB                    Eurodollar transactions from
                                                the accuracy of the estimates of the                    inventory of currently approved                       International Banking Facilities (IBFs) of
                                                burden of the information collection,                   collections of information. Copies of the             the above-referenced institutions. The
                                                including the validity of the                           Paperwork Reduction Act Submission,                   FR 2420 data are used in the publication
                                                methodology and assumptions used; (c)                   supporting statements and approved                    of the effective federal funds rate (EFFR)
                                                ways to enhance the quality, utility, and               collection of information instrument(s)               and overnight bank funding rate (OBFR)
                                                clarity of the information to be                        are placed into OMB’s public docket                   and in analysis of current money market
                                                collected; and (d) ways to minimize the                 files. The Board may not conduct or                   conditions.
                                                burden of the collection of information                 sponsor, and the respondent is not                       Legal authorization and
                                                on respondents, including through the                   required to respond to, an information                confidentiality: The FR 2420 is
                                                use of automated collection techniques                  collection that has been extended,                    authorized by section 11(a)(2) of the
                                                or other forms of information                           revised, or implemented on or after                   Federal Reserve Act, which authorizes
                                                technology. All comments will become                    October 1, 1995, unless it displays a                 the Board to require depository
                                                a matter of public record.                              currently valid OMB control number.                   institutions to make such reports of
                                                                                                           Final approval under OMB delegated                 their liabilities and assets as the Board
                                                  Dated at Washington, DC, on August 13,                                                                      may determine to be necessary or
                                                2018.                                                   authority of the extension for three
                                                                                                        years, with revision, of the following                desirable to enable the Board to
                                                Federal Deposit Insurance Corporation.                                                                        discharge its responsibility to monitor
                                                Robert E. Feldman,                                      report:
                                                                                                           Report title: Report of Selected Money             and control monetary and credit
                                                Executive Secretary.                                                                                          aggregates (12 U.S.C. 248(a)(2)). The FR
                                                                                                        Market Rates.
                                                [FR Doc. 2018–17647 Filed 8–15–18; 8:45 am]                Agency form number: FR 2420.                       2420 is also authorized pursuant to
                                                BILLING CODE 6714–01–P                                     OMB control number: 7100–0357.                     section 7(c)(2) of the International
                                                                                                           Effective Date: October 1, 2018.                   Banking Act (IBA), which provides that
                                                                                                           Frequency: Daily.                                  Federal branches and agencies of foreign
                                                                                                           Respondents: Commercial banks,                     banks are subject to section 11(a) of the
                                                FEDERAL RESERVE SYSTEM                                  savings associations, U.S. branches and               Federal Reserve Act as if they were a
                                                                                                        agencies of foreign banks, International              state member bank (12 U.S.C.
                                                Agency Information Collection                           Banking Facilities, and significant                   3105(c)(2)). Section 7(c)(2) of the IBA
                                                Activities: Announcement of Board                       banking organizations representing                    also provides that state-licensed
                                                Approval Under Delegated Authority                      entities actively participating in the                branches and agencies of foreign banks
                                                and Submission to OMB                                   federal funds and/or other money                      are subject to the requirement in section
                                                AGENCY:  Board of Governors of the                      markets.                                              9 of the Federal Reserve Act that they
                                                Federal Reserve System.                                    Estimated number of respondents: 99                file reports of condition with the
                                                                                                        commercial banks and savings                          appropriate Federal Reserve Bank (12
                                                SUMMARY: The Board of Governors of the                  associations, 84 U.S. branches and                    U.S.C. 324). The obligation to comply
                                                Federal Reserve System (Board) is                       agencies of foreign banks, 82                         with the reporting requirements of FR
                                                adopting a proposal to extend for three                 International Banking Facilities, and 1               2420 is mandatory.
                                                years, with revision, the Report of                     significant banking organization.                        The individual financial institution
                                                Selected Money Market Rates (FR 2420;                      Estimated average hours per response:              information provided by each
                                                OMB No. 7100–0357). The revisions are                   1.8 commercial banks and savings                      respondent would not be otherwise
                                                applicable as of October 1, 2018.                       associations, 1.8 U.S. branches and                   available to the public. The proposed
                                                FOR FURTHER INFORMATION CONTACT:                        agencies of foreign banks, 1.0                        revisions, as well as information
                                                Federal Reserve Board Clearance
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                        International Banking Facilities, and 1.8             currently collected, would be accorded
                                                Officer—Nuha Elmaghrabi—Office of                       significant banking organization.                     confidential treatment under the
                                                the Chief Data Officer, Board of                           Estimated annual burden hours:
                                                Governors of the Federal Reserve                        44,550 commercial banks and savings                      1 A selected borrowing from a non-exempt entity

                                                System, Washington, DC 20551 (202)                      associations, 37,800 U.S. branches and                is an unsecured borrowing (an unsecured primary
                                                                                                                                                              obligation undertaken by the reporting institution
                                                452–3829. Telecommunications Device                     agencies of foreign banks, 20,500                     as a means of obtaining funds) in U.S. dollars from
                                                for the Deaf (TDD) users may contact                    International Banking Facilities, and                 a counterparty that is a non-exempt entity as
                                                (202) 263–4869, Board of Governors of                   450 significant banking organization.                 derived from Regulation D, Section 204.2(a)(vii).



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Document Created: 2018-08-16 01:02:49
Document Modified: 2018-08-16 01:02:49
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesComments must be submitted on or before October 15, 2018.
ContactJennifer Jones, Counsel, 202-898-6768, [email protected], MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
FR Citation83 FR 40768 

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